|[June 17, 2014]
Assured Guaranty Announces Pricing of $500 Million Senior Notes Offering
HAMILTON, Bermuda --(Business Wire)--
Assured Guaranty Ltd. (NYSE:AGO) announced today that its subsidiary,
Assured Guaranty US Holdings Inc., has agreed to sell $500 million of
5.000% senior notes due 2024. The notes are guaranteed by Assured
Guaranty Ltd. (AGL (News - Alert) and, together with its subsidiaries, Assured
Guaranty). The notes are expected to settle on June 20, 2014, subject to
customary closing conditions.
The net proceeds from the sale of the notes will be used for general
corporate purposes, including the purchase of common shares of AGL.
Pending such application, Assured Guaranty may invest such net proceeds
in marketable securities.
The joint book-running managers for the offering are BofA Merrill Lynch
and Wells Fargo (News - Alert) Securities.
The offering is being made only by means of a prospectus supplement and
accompanying prospectus. When available, copies of these docuents may
be obtained by contacting: Merrill Lynch, Pierce, Fenner & Smith
Incorporated, 222 Broadway, New York, NY 10038, Attention: Prospectus
Department, or email firstname.lastname@example.org,
or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675,
Charlotte, North Carolina 28262, Attn: Capital Markets Client Support;
or calling toll-free at (800) 326-5897; or emailing: email@example.com.
Alternatively, the prospectus supplement and accompanying prospectus may
be obtained by visiting EDGAR on the website of the Securities and
Exchange Commission at www.sec.gov.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the senior notes or any other
securities, nor will there be any sale of the senior notes or any other
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
Assured Guaranty Ltd. is a publicly traded, Bermuda-based holding
company. Its operating subsidiaries provide credit enhancement products
to the U.S. and international public finance, infrastructure and
structured finance markets.
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